My biggest problem was being new and my project manager was the architect!!!!

Things have been quite nuts lately ;-)I invited two of my partners, our broker, our architect, and one of our GCs to the meeting too to spice things up some.

Need teams of folks....architects, civil engineers, surveyors, permit grease guys, attorneys, etc.

Our architect has already reviewed all of this and we have met with the City Arborist for tree removal, etc.

Outside of REI, I have a career in the IT space, having worked at various large financial firms in the NY/NJ area and now as a Solutions Architect at a small firm in the network appliance space.In the few weeks that I've been reviewing info here on BP, I have been very impressed with the sheer volume of talent and knowledge present in the community; it's truly humbling to see just how much there is to learn.

My neighbor who happens to be my architect has put up a single family building on his in a similar manner.So the land is 'free'.I believe my NOI will be $60K a year and total project cost should be around $400K.The cap rate may not look like a home run but keep in mind that these will be upscale apartments for this downtown area with a reasonable appreciation potential.The gut rehab 3 years ago of the front building was a trip since I was hands on.

@ David A A couple of things that may need attention, I know they did in my part of Florida. 1) Permits: We contracted with a "reputable" architect for a hair salon family business.

I agree with everyone's adviseI'm not sure which degree is which...but in my REI investingI had to pay $$$ for architect stamp...$$ for a drafting company stamp$$$$$ for structural engineer servicesI currently have to fork over $$$$$$$$$$$$ for engineer to help me do site revision on commercialSo get your degrees it will help you and your networkingI went to an engineering school, too bad all my friends aren't local, I was business major.

Im all for college if you know exactly what you want....being a doctor, being an architect, city engineer, etc.

If there are any architects on BP, this is one place you gotta see.